Renew (LON:RNWH) Stock Price Passes Above 200-Day Moving Average – Here’s Why

Shares of Renew Holdings plc (LON:RNWH) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,066.24 ($13.88) and traded as high as GBX 1,084.50 ($14.12). Renew shares last traded at GBX 1,072 ($13.95), with a volume of 180,311 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Shore Capital restated a “buy” rating on shares of Renew in a report on Friday, October 4th.

Renew Stock Performance

The company has a debt-to-equity ratio of 10.41, a quick ratio of 0.81 and a current ratio of 0.95. The stock has a market capitalization of £848.38 million, a P/E ratio of 1,729.03 and a beta of 1.06. The stock has a 50 day moving average of GBX 1,089.06 and a 200 day moving average of GBX 1,067.09.

Renew Company Profile

Renew Holdings plc operates as a contractor in the field of engineering services and specialist building in the United Kingdom. The company engages in the provision of services to the rail, telecoms, water, highways, and energy networks. It offers operational support and asset care; critical planned and reactive maintenance and renewals; civil, mechanical, and electrical engineering services; geotechnical and earthworks; plant, power, and signaling renewals; 24/7 emergency services; asset renewal and refurbishment; tunnel and shaft refurbishment, fencing, and devegetation; and in-house design services, as well as wireless telecoms installations; critical planned and reactive maintenance and renewals; acquisition, planning and design services; 3G, 4G, 5G, and Wi-Fi technologies; temporary sites and special events; and maintenance and decommissioning services.